rss icon Subscribe
desktop mobile

Contracts

Global Ship Lease Extends Charter with OOCL

OOCL Qingdao. Photo: OOCL

 Global Ship Lease, a containership charter owner, today announced that it has agreed to an extension of its charter with OOCL for the OOCL Qingdao, a 2004-built, 8,063 TEU containership.    The extension commences in direct continuation of the current charter with effect from March 11, 2018, at a fixed rate of $14,000 per day.

Wärtsilä Inks 25 Maintenance Deal with Maersk Drilling

(Photo: Wärtsilä)

Wärtsilä said it has entered a cooperation with drilling contractor Maersk Drilling to create a 25-year thruster maintenance strategy for Maersk’s three semisubmersible rigs and four drillships. The parties have already completed the strategy work on the D-rigs and commenced the strategy work related to V-Drillships.

Golden Ocean Boosts Dividend as Q4 Financials Beat Street

File Image (CREDIT: AdobeStock / (c) Lidian Neeleman)

Dry bulk shipper Golden Ocean proposed a bigger than expected dividend for the fourth quarter on the back of forecast-beating results on Tuesday, and reiterated the market was getting better.   The company, controlled by Norwegian-born billionaire John Fredriksen, returned to profit in the third quarter

Maersk to Compete with UPS, Fedex

File Image: The Madrid Maersk, a 20,000+ TEU Box ship (CREDIT: Maersk)

A.P. Moller-Maersk plans to expand its transport and logistics business to compete directly with package delivery companies UPS and Fedex as part of a major restructuring, its chief executive said Tuesday.   Maersk, the world's largest container shipping company, has sold off the majority of its energy

China, not Trump, Drives U.S. Coal Revival

A typical coal cargo underway on the inland rivers (CREDIT: Inland Marine)

If China does seek a way to retaliate against U.S. proposals to impose import curbs on steel and aluminium, then targeting President Donald Trump's favoured coal would be tempting.   One of Trump's key campaign promises in the 2016 election victory was to end the war on what he termed "beautiful, clean" coal.

SeaBird Exploration Cancels Munin Explorer Charter

Photo: SeaBird Exploration Group

 Marine seismic survey provider SeaBird Exploration has entered into a settlement agreement with Ordinat Shipping AS, the owners of Munin Explorer, for the termination of the charter party agreement and redelivery of the vessel.   The transaction is conditional on the fulfilment of certain preconditions

Belships Updates Fleet Status

M/S Belnippon. Photo: Belships ASA

 M/S Belnippon was delivered from Imabari Shipbuilding in January and has been fixed on time charter to Cargill for 10-13 months at USD 11,500/day, says a statement from Oslo-based bulk ship operator Belships.   Belships concentrates on the dry bulk market, with 6 modern Supramax/Ultramax in service.

Mundra Port, Port of Montreal Sign Cooperative Agreement

Tony Boemi, Vice-president, Growth and Development at the Port of Montreal, Christine St-Pierre, Québec Minister of International Relations and La Francophonie, Jordan Reeves, Consul General of Canada, Mumbai, Sandeep Mehta, President of Adani Ports and Special Economic Zone and Dominic Marcotte, Consul and Director of the Québec Government Office in Mumbai. Photo: Montreal Port Authority (MPA)

 On a trade mission to India, the Montreal Port Authority (MPA) has signed a Cooperative Agreement with Mundra Port, Gujarat State, north of Mumbai. This agreement aims to develop cooperation in marketing and business development while sharing information on marine operations and industry best practices.

Nor-Shipping Partners with ‘Lifesaver’ Mercy Ships

Photo: Nor-Shipping

 Leading maritime event week Nor-Shipping has announced that Mercy Ships has been selected as its new charity partner.   The global organisation, which celebrates its 40th anniversary this year, will receive financial support and promotion throughout Nor-Shipping’s maritime and ocean industry network,

Petrobras Extends DOF Deal

Skandi Admiral. Photo: DOF Group

 Norwegian shipping company DOF has been awarded an extension of a contract for one of its anchor handlers working in Brazil.   "DOF and Petrobras have agreed an extension of approx. 265 days for the Skandi Admiral with start-up in 9 June 2018, hence the vessel is firm until 28 February 2019," said a press release from DOF.

Transocean Amends Drilling Contract

Image: Transocean

 Transocean announced that an agreement has been reached with the incumbent customer to amend the drilling contract on the harsh environment semisubmersible Transocean Leader.   The rig experienced equipment breakdown that could not be repaired timely, providing the customer with the right to cancel the contract.

GC Rieber Shipping Secures Contract for Polar Queen

Polar Queen. Photo: GC Rieber Shipping

 Norwegian shipping company GC Rieber Shipping has entered into a time charter agreement with a European offshore client for the CSV vessel Polar Queen for a fixed period of four months with options to extend by up to one month.    With this charter, all GC Rieber Shipping subsea vessels have secured contracts for the summer season 2018.

Hafnia Tankers Inks Fresh Sale and Leaseback Deal

Photo: Hafnia Tankers

 Denmark-based shipping company Hafnia Tankers has successfully completed a sale and leaseback in the Japanese market through the sale and leaseback of its 2010 built LR1 tanker, MT Hafnia Australia.     The Vessel has been sold to a Japanese private ship owning company (the Lessor) with a 12-year

Spliethoff Sending 6 Ships to BLRT for Refit Work

(Photo: BLRT)

Dutch shipping company Spliethoff's Bevrachtingskantoor B.V. has signed contracts with BLRT Grupp to have scrubbers (systems for cleaning exhaust gases) and ballast water treatment systems installed on board six of its ships.   The latest contract for the modernization of Spliethoff's F-type ships (deadweight up to 12,

Maritime Apps